下午察：“雪王”上市苦尽甘来？
香港交易所星期一（3月3日）迎来一场特殊的上市仪式：上台敲钟的不是公司高管，而是八个卡通人偶。随着领头的吉祥物“雪王”敲响上市钟，现场响起熟悉的洗脑旋律：“你爱我，我爱你，蜜雪冰城甜蜜蜜⋯⋯”
伴随这场不同寻常的敲钟仪式，中国茶饮品牌“蜜雪冰城”港股上市首日，股价飙升43.21%，市值一举突破1000亿港元（173.5亿新元），打破了新式茶饮品牌“上市即破发”的魔咒。
在此前的首次公开售股（IPO）阶段，蜜雪冰城股票认购倍数超过5000倍，认购金额达1.82万亿港元，超过2021年快手上市前1.26万亿港元的冻资规模，成为刷新港股纪录的现象级IPO。
#下午察 #香港股市 #泡泡茶 #IPO
BY 联合早报 即时报道
That strategy is the acquisition of a value-priced company by a growth company. Using the growth company's higher-priced stock for the acquisition can produce outsized revenue and earnings growth. Even better is the use of cash, particularly in a growth period when financial aggressiveness is accepted and even positively viewed.he key public rationale behind this strategy is synergy - the 1+1=3 view. In many cases, synergy does occur and is valuable. However, in other cases, particularly as the strategy gains popularity, it doesn't. Joining two different organizations, workforces and cultures is a challenge. Simply putting two separate organizations together necessarily creates disruptions and conflicts that can undermine both operations.
That growth environment will include rising inflation and interest rates. Those upward shifts naturally accompany healthy growth periods as the demand for resources, products and services rise. Importantly, the Federal Reserve has laid out the rationale for not interfering with that natural growth transition.It's not exactly a fad, but there is a widespread willingness to pay up for a growth story. Classic fundamental analysis takes a back seat. Even negative earnings are ignored. In fact, positive earnings seem to be a limiting measure, producing the question, "Is that all you've got?" The preference is a vision of untold riches when the exciting story plays out as expected.
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